Everyone has their own moment when they know it's time to take off. Retirement comes in our mind when we feel we are financially secure. The usual range of "full retirement age" is from 62 to 67.

Although some of us consider retirement being the time when you can work without the worry of finances, but because of fulfillment. I plan to work until I die, on my terms that is due to proper financial planning for my wife and I.

When you get into your60's there is not the same incentive to get on and develop your career, so work can become boring. I am 63 and although not ready to stop work I am looking for a change from going to work 9 to 5. Time to start doing what I want to do.

There has been a lot of talk in the UK recently about retirement age as Iain Duncan Smith, the Secretary of State for Work and Pensions, has announced plans to increase state retirement age for men to 66.

When state retirement age was introduced, it was designed to give people 7 years of state-funded retirement. Nowadays life expectancy for men in the UK is 77, and women is 81. With that in mind, is it appropriate for Britons to complain about this change?

Lifestyles now, of course, are different from when the retirement age was introduced. And the planned change is not 'til 2016.

On my experience with clients the best age is 60 to 70, higher than that and you cannot enjoy your retirement anymore.

There has been a lot of talk in the UK recently about retirement age as Iain Duncan Smith, the Secretary of State for Work and Pensions, has announced plans to increase state retirement age for men to 66.

Lifestyles now, of course, are different from when the retirement age was introduced. And the planned change is not 'til 2016.

Just think about if the elderly need to work to 70somthing, it should be really tired or just cannot handle.
But of course, as I know have some program or company hire retirees as consultant or part time staff. They may not feel boring or lack of purpose.
Also not bad. The most important is need to respect their opinion.

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There has been a lot of talk in the UK recently about retirement age as Iain Duncan Smith, the Secretary of State for Work and Pensions, has announced plans to increase state retirement age for men to 66.

When state retirement age was introduced, it was designed to give people 7 years of state-funded retirement. Nowadays life expectancy for men in the UK is 77, and women is 81. With that in mind, is it appropriate for Britons to complain about this change?

Lifestyles now, of course, are different from when the retirement age was introduced. And the planned change is not 'til 2016.

Interesting post. One of our partners at virtualstaff.ph is from the UK and he has expressed thoughts on this which I'll share.

The biggest problem with state pension in the UK is the fact it was promoted as a set in stone policy, certainly many Brits were sold on the idea of "work 40 years, pay your stamps (National Insurance), PAYE etc, and live the golden years of retirement."

Why are people annoyed? The main reason is because as of Feb 2015 statistics, over 5,000,000 people were claiming welfare benefits, that's around 8% of the total population. People are annoyed because they are paying into a system, while others are milking that same system at the same time the government is telling the people paying into it "work more, work longer, pay more".

On my experience with clients the best age is 60 to 70, higher than that and you cannot enjoy your retirement anymore.

I agree. I also think the key is not to place all your eggs in one basket and rely on the state pension system, and instead focus on individual financial planning.

Our clients are Philippine based, and despite the difference in financial stability in terms of the UK and the Philippines, the fact remains that when it comes to a comfortable retirement on your terms, you really need to ensure you maintain as much control as possible in where that retirement income is coming from.

That depends on Britons. However if they don't like staying home and relaxing without being productive for the day, they can look for some jobs online or such. The recommended age to retire is 65. My parents have retired at that age.

Your full retirement age is 66. Remember, the earliest a person can start receiving Social Security retirement benefits will remain age 62. If you start receiving retirement benefits at. age 62, you will get 75% of the monthly benefit because you will be getting benefits for an additional 48 months.